- This will hit $1 MPH strong ambitious growth strategy, alot confidence. how many dots do you need to prove the bullish potential in this company....
(Extremely important) - Mediland has been profitable for many years, with revenue for the financial year 2018 totaling $34.1 million and net profit of $3.7 million. The Company has no debt and all funds raised in the IPO will be used to invest in the growth of the business. Mediland has raised a total of $12.6 million in an Initial Public Offering.
- Mediland currently has stores in Sydney, Melbourne and the Gold Coast – all seeing significant foot traffic from Chinese tourists....new Zealand starting end of his month.
- 50,000 visitors over 12 months (to 30 June 2018), many of which bulk buy products for their own use and as gifts for when they return home.
- expand its merchandise beyond China by catering to tour groups from other Asian countries, including Korea and Japan.
- partnerships with major Chinese travel agencies and tour operators that bring large groups of tourists through its shop front doors every day
- China is now the largest source of in-bound tourist numbers into Australia and we expect the strong growth in this sector to continue. Tourism Research Australia said there were 1.3 millioninbound tourists from China and is the largest single source of tourism in Australia – and this generated a staggering $11.5 billion of expenditure. That’s over $8,800 for every Chinese tourist entering this country! The latest stats also show that China now accounts for 27 percent of total spend by international visitors on trips to Australia.
- Chinese see "aussie made", it's like gold to tham. And it's true because of are Australian cultural, we have a high and strong quality control in most aussie products, example A2 milk baby formula.
MPH Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
